Estate Counselors LLC Purchases New Stake in Interactive Brokers Group, Inc. $IBKR

Key Points

• Estate Counselors LLC has invested $3.29 million in Interactive Brokers Group by acquiring 19,864 shares during the first quarter.
• Wall Street analysts have increased their price targets for Interactive Brokers Group, with Barclays setting a new target of $73.00 and Goldman Sachs raising theirs to $60.00, indicating a growing confidence in the stock's potential.
• Insider sales have occurred, with Vice Chairman Earl H. Nemser selling 194,086 shares for over $13 million, reflecting a significant decrease in his ownership percentage of the stock.

Estate Counselors LLC acquired a new stake in Interactive Brokers Group, Inc. (NASDAQ:IBKR - Free Report) in the 1st quarter, according to its most recent filing with the SEC. The fund acquired 19,864 shares of the financial services provider's stock, valued at approximately $3,289,000.

Other institutional investors and hedge funds have also modified their holdings of the company. N.E.W. Advisory Services LLC acquired a new position in shares of Interactive Brokers Group in the 1st quarter valued at approximately $26,000. City Holding Co. acquired a new position in Interactive Brokers Group during the 1st quarter worth approximately $33,000. Nvwm LLC acquired a new position in Interactive Brokers Group during the 1st quarter worth approximately $33,000. ASR Vermogensbeheer N.V. acquired a new position in Interactive Brokers Group during the 1st quarter worth approximately $33,000. Finally, Bellwether Advisors LLC acquired a new position in Interactive Brokers Group during the 4th quarter worth approximately $35,000. 23.80% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, Vice Chairman Earl H. Nemser sold 194,086 shares of the company's stock in a transaction that occurred on Tuesday, August 12th. The stock was sold at an average price of $67.49, for a total transaction of $13,098,864.14. Following the sale, the insider owned 461,500 shares in the company, valued at $31,146,635. This represents a 29.60% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. In the last quarter, insiders sold 233,972 shares of company stock worth $15,746,449. Corporate insiders own 2.97% of the company's stock.

Interactive Brokers Group Trading Down 0.1%

Shares of Interactive Brokers Group stock traded down $0.07 on Friday, reaching $62.40. 3,860,323 shares of the company were exchanged, compared to its average volume of 4,223,272. Interactive Brokers Group, Inc. has a one year low of $30.01 and a one year high of $68.07. The company has a market capitalization of $105.84 billion, a price-to-earnings ratio of 32.08, a PEG ratio of 2.54 and a beta of 1.22. The company has a 50-day moving average of $60.10 and a 200 day moving average of $51.86.

Interactive Brokers Group (NASDAQ:IBKR - Get Free Report) last announced its quarterly earnings data on Thursday, July 17th. The financial services provider reported $0.51 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.46 by $0.05. Interactive Brokers Group had a return on equity of 4.92% and a net margin of 9.78%.The company had revenue of $1.48 billion for the quarter, compared to analysts' expectations of $1.37 billion. During the same quarter in the prior year, the business posted $1.76 EPS. The business's revenue was up 14.7% compared to the same quarter last year. Analysts predict that Interactive Brokers Group, Inc. will post 7.46 earnings per share for the current year.

Interactive Brokers Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 12th. Stockholders of record on Monday, September 1st will be paid a dividend of $0.08 per share. The ex-dividend date is Friday, August 29th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.5%. Interactive Brokers Group's dividend payout ratio is currently 16.49%.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the company. Wall Street Zen raised Interactive Brokers Group from a "sell" rating to a "hold" rating in a research report on Saturday, June 21st. Citigroup upped their price target on Interactive Brokers Group from $53.75 to $60.00 and gave the stock a "buy" rating in a research report on Monday, July 7th. Piper Sandler upped their price target on Interactive Brokers Group from $45.50 to $65.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 15th. Barclays upped their price target on Interactive Brokers Group from $65.00 to $73.00 and gave the stock an "overweight" rating in a research report on Friday, July 18th. Finally, The Goldman Sachs Group upped their price target on Interactive Brokers Group from $53.00 to $60.00 and gave the stock a "buy" rating in a research report on Thursday, May 15th. Seven investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $59.38.

Interactive Brokers Group Company Profile

Interactive Brokers Group, Inc operates as an automated electronic broker worldwide. The company engages in the execution, clearance, and settlement of trades in stocks, options, futures, foreign exchange instruments, bonds, mutual funds, exchange traded funds (ETFs), precious metals, and cryptocurrencies.